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Dec 22, 2012
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the defense contractors, medicare doctors if we go off the fiscal cliff, get a 25% cut. so how does all the political pressure from the constituents and powerful players come from the economic pain, does the political pressure come quick enough before we get into the real economic pain? or does it go the other way? we get into the economic pain, or the economic pressure doesn't come in the right way or causes economic grid? the thing that worries me, if we go a month without the resolution we begin to run into a debt ceiling. and if we're going into a fiscal cliff ceiling, the contraction of government policy, and then on top of that we have a debt ceiling crisis, we're going to leash an economic hell that will be like lehman in 2008. >> my reaction, the sense of this, it is why i'm relaxed going off the curb because i never believed we would hit the month and month and a half. and now if i'm wrong, you and i are both staying up nights. but my sense is that all capitol hill needs is being off the cliff for a day or two. and those people that are preventing boehner from g
the defense contractors, medicare doctors if we go off the fiscal cliff, get a 25% cut. so how does all the political pressure from the constituents and powerful players come from the economic pain, does the political pressure come quick enough before we get into the real economic pain? or does it go the other way? we get into the economic pain, or the economic pressure doesn't come in the right way or causes economic grid? the thing that worries me, if we go a month without the resolution we...
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Nov 28, 2012
11/12
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. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would. illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the cliff. because the cliff is president oba
. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their...
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Dec 11, 2012
12/12
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professor reich, we know that the fiscal cliff is january 1st. if we went off and stayed off, didn't do any legislative repair to it, where do you think the recession cliff would be? >> lawrence, worst-case scenario, probably by the end of january taxes are clearly going up on the middle class, also major program cuts in discretionary spending are kicking in. there's not too much that the administration can do in terms of front-loading anymore because you've got to -- assuming that there's no deal at all, you've got to make some adjustment with regard to your spending and your spending is going to be cut. that means that you're setting up the economy for a recession maybe by march, maybe by april. we also have very powerful headwinds coming from europe that is in recession because it bought into austerity economics and that's what we would be buying into in a very big way if nothing changed. we also have china that is slowing down. globally and also domestically there is not enough demand to keep the economy going and i would say the worst scenar
professor reich, we know that the fiscal cliff is january 1st. if we went off and stayed off, didn't do any legislative repair to it, where do you think the recession cliff would be? >> lawrence, worst-case scenario, probably by the end of january taxes are clearly going up on the middle class, also major program cuts in discretionary spending are kicking in. there's not too much that the administration can do in terms of front-loading anymore because you've got to -- assuming that...
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Dec 14, 2012
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what does he think of the fiscal cliff crisis? >> this fight, on the fiscal cliff is a sqirmish. >> when you are losing a big fight the fight of your life, pretend it is not important at all. that is now his performance choice as he sees his prejudile becoming meaningless. as you can tell, from what you saw, he thinks he is a clever boy. very clever he is the kind of clever republican boy with no sympathies for any hardship he himself has not experiences and seems to have experienced none and thinks he can make jokes about blowing up small countries. he never considered joining the military himself. so people being killed in war and bodies being blown up that is a joke for him. he doesn't say those things because he is losing or desperate. because he is so often mean and inhumane. that is what allows him to be an, anti-tax fanatic. he cares about no one that he does not know or is not related to. he does not believe in community or a shared responsibility. he thinks that is communism. he does not care about one person on staten is
what does he think of the fiscal cliff crisis? >> this fight, on the fiscal cliff is a sqirmish. >> when you are losing a big fight the fight of your life, pretend it is not important at all. that is now his performance choice as he sees his prejudile becoming meaningless. as you can tell, from what you saw, he thinks he is a clever boy. very clever he is the kind of clever republican boy with no sympathies for any hardship he himself has not experiences and seems to have...
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Jul 27, 2012
07/12
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. >>> 24r's one man standing at the wheel as we careen towards the fiscal cliff and that's john boehner. he can either pass this bill which delivers certainty to middle class taxpayers and, by the way, is a tremendous step towards addressing sequestration, or he can step on the gas, head towards that fiscal cliff and strap the american people, just like a dog we know, to the top of his car. >> and today, john boehner responded to senator thelma with this lie. >> it was the president who came up with the sequester because he didn't want the debt limit to get in the way of his campaign. >> the so-called sequester, a package of automatic spending cuts, half of them in dpefense spending was something the president was supposed to get it to get the bat crap crazy republicans to force an increase in the debt ceiling and save this country and the world from economic disaster. here's what the president said a year ago. see if you hear him asking for a sequester. >> the only bottom line i have is we have to extend this debt ceiling through the next election. >> and here is what john boehner was
. >>> 24r's one man standing at the wheel as we careen towards the fiscal cliff and that's john boehner. he can either pass this bill which delivers certainty to middle class taxpayers and, by the way, is a tremendous step towards addressing sequestration, or he can step on the gas, head towards that fiscal cliff and strap the american people, just like a dog we know, to the top of his car. >> and today, john boehner responded to senator thelma with this lie. >> it was the...
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Nov 30, 2012
11/12
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the fiscal cliff. >> mr. obama sends his chief negotiator. >> treasury secretary tim geithner. >> who was on capitol hill right now. >> reaching out to capitol hill. >> the push is on to get a deal. >> no substantive progress has been made in the talks. >> literally no progress. >> bad news, bad news, bad news. >> this is the moment of posturing. >> a lot of posturing. >> until we hear good news. >> the framework of the deal is beginning to emerge. >> i'll do whatever it takes to get this done. >> we have a debt crisis. >> i'll do anywhere and do whatever it takes. >> all eyes on the white house. >> they're going to get right up to cliff on new year's eve. we're all going to be hugging cliff. >> it's like when a fish show starts. the crowd -- >> i hope nobody catches that reference. >> all eyes on the white house. >> together again. >> what's his name? >> table for two. >> don't help me, don't help me. >> mr. romney goes to washington. >> mitt romney makes his way to the white house. >> the political power lu
the fiscal cliff. >> mr. obama sends his chief negotiator. >> treasury secretary tim geithner. >> who was on capitol hill right now. >> reaching out to capitol hill. >> the push is on to get a deal. >> no substantive progress has been made in the talks. >> literally no progress. >> bad news, bad news, bad news. >> this is the moment of posturing. >> a lot of posturing. >> until we hear good news. >> the framework of the...
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Nov 29, 2012
11/12
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. >>> democrats said they think it's a good idea to drive the economy off the fiscal cliff this january. you might call this thelma and louise economics. right off the cliff. ♪ >> joining me now, senator feldma. >> great to talk to you. >> senator, you've been the leader on how the democrats should be approaching the so-called off the cliff drama and i just want to play something you said on july 16th at the brookings institute. let's listen to that. >> we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, when i will absolutely continue this debate into 2013. >> after that, senator mcconnell called that thelma and louise economics. tell us why this cliff is not as disastrous a cliff to go off? >> first of all, no one wants to go off any cliff or hill or slope. there is a responsible way to revolve this. but if we take a bad deal and say that all of the nation's fiscal problems are to be balanced on the back of middle class families and the wealthy don't participate, that's a bad deal we cannot and should not live within this country. >> shortly
. >>> democrats said they think it's a good idea to drive the economy off the fiscal cliff this january. you might call this thelma and louise economics. right off the cliff. ♪ >> joining me now, senator feldma. >> great to talk to you. >> senator, you've been the leader on how the democrats should be approaching the so-called off the cliff drama and i just want to play something you said on july 16th at the brookings institute. let's listen to that. >> we...
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Dec 1, 2012
12/12
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. >>> the fiscal cliff talks just turned into the godfather. part 2. >> america only thrives when we have a strong and growing middle class. >> the president hits the road today. >> back on the road today. >> to sell his proposal to avoid the fiscal cliff. >> we've got important decisions to make. >> obama played a kind of hard ball. >> let's play hall. >> all of us have to get out of our comfort zones to make that happen. >> we are ready to work for the president. >> buffed the president's proposal. >> the wrong approach. >> tim geithner brought them a deal. >> it didn't go bellwell. >> they thought was lewdrous. >> gave republicans nothing. >> my offer is this. >> my offer is this. >> nothing. >> nothing. >> republicans were very much offended. >> mitch mcconnell lasted at the offer. >> burst into laughter. >> laughing at the president's package -- >> that catch them by surprise at all? >> they have to come up with their pennsylvania package. >> we are ready to work with him. >> i promise ton laugh at it. >> we can solve these problems. >> we
. >>> the fiscal cliff talks just turned into the godfather. part 2. >> america only thrives when we have a strong and growing middle class. >> the president hits the road today. >> back on the road today. >> to sell his proposal to avoid the fiscal cliff. >> we've got important decisions to make. >> obama played a kind of hard ball. >> let's play hall. >> all of us have to get out of our comfort zones to make that happen. >> we are...
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Dec 1, 2012
12/12
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and the fiscal cliff negotiations are not going well at all. on thursday republicans leaked the white house's opening bid and we have some exclusive tape of that. >> all right. somebody will have to play a little game. we'll play yours. so let's just say that you paid me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. >> senator, you can have my answer now, if you like. my offer is this -- nothing. >> okay. maybe that's not actually exclusive tape of the budget negotiations, but it is kind of the spirit of the thing. president obama's opening bid to the republicans goes like this. first democrats get a trillion dollars in tax revenue by letting the high-income bush tax expire. that hatch matches the spending cuts in the 2011 debt ceiling deal. a trillion for a trillion. then democrats and republicans get 6 billion worth of stuff they want. democrats get 6 billion from tax reform and republicans get 600 billion in spending cuts of which 350 billion comes from medicare and other health problems and
and the fiscal cliff negotiations are not going well at all. on thursday republicans leaked the white house's opening bid and we have some exclusive tape of that. >> all right. somebody will have to play a little game. we'll play yours. so let's just say that you paid me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. >> senator, you can have my answer now, if you like. my offer is this -- nothing. >> okay. maybe that's not...
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Nov 27, 2012
11/12
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. >> holiday cheer and fiscal cliff fears. >> of course, we're talking about the -- >> fiscal cliff. >> it does cause uncertainty. >> there's a great uncertainty. >> there's always uncertainty. life is uncertain. >> i think it's more of a slope. republicans possibly maybe -- >> growing number of republicans. >> looking to make a deal. >> and they would like one pretty quick. >> some top republicans suggest they could shock horror. >> the mythical grover norquist. >> break with their sacred pledge. >> to grover norquist. ♪ another one bites the dust >> nobody's turning on me. >> i'm not obligated on the pledge. >> nobody's turning on me. >> it is not about that pledge. >> nobody's turning on me. >> it really is about trying to solve problems. >> i'm sorry, that's just silly. >> grover norquist is not jesus. >> he can't burn down your house. >> we would highlight whose kept their commitment. >> this guy's a political lone shark. >> nobody's turning on me. >> i will violate the pledge. >> nobody's turning on me. ♪ >> with 36 days until the curve, republicans on fox news say their pa
. >> holiday cheer and fiscal cliff fears. >> of course, we're talking about the -- >> fiscal cliff. >> it does cause uncertainty. >> there's a great uncertainty. >> there's always uncertainty. life is uncertain. >> i think it's more of a slope. republicans possibly maybe -- >> growing number of republicans. >> looking to make a deal. >> and they would like one pretty quick. >> some top republicans suggest they could shock...
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Nov 8, 2012
11/12
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cliff. >> there will be many who will say we should confront the first of these challenging by simply letting the top two tax rates expire and pushing the sequester off to some other date. >> there will be many who say that and they will be led by this woman last night. >> if we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then i will absolutely continue this debate into 2013. on january 1st, if we have not gotten a deal, grover norquist and his pledge are no longer relevant to this conversation. we will have a new fiscal and political reality. >> that was snar patty murray who is more than willing to go off the cliff on january 1st if republicans continue to block an increase in the top income tax rates. she said that back in july and i'm sure many republicans who don't know her, didn't take her seriously then. but as the head of the democratic snoerl campaign committee this year, she just razed the number of rim senators to 20. when patty purry first won her seat in the senate in 1992, there were three woman senators. patty murray is one
cliff. >> there will be many who will say we should confront the first of these challenging by simply letting the top two tax rates expire and pushing the sequester off to some other date. >> there will be many who say that and they will be led by this woman last night. >> if we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then i will absolutely continue this debate into 2013. on january 1st, if we have not gotten a deal, grover...
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Nov 20, 2012
11/12
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so naturally, he's speaker boehner's choice to broker a deal on the fiscal cliff. that's next. >>> and chris christie makes a key stop on the road to the presidency. not iowa, it's "saturday night live." ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. ♪ ♪ i want candy ♪ ♪ i want candy >>> after losing the presidential election on november 6th, republican vice presidential nominee paul ryan went into the woods. there's no better medicine for paul, his brother told "the new york times," than getting out in the fresh air looking for birds. but as in the past w
so naturally, he's speaker boehner's choice to broker a deal on the fiscal cliff. that's next. >>> and chris christie makes a key stop on the road to the presidency. not iowa, it's "saturday night live." ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog...
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Dec 5, 2012
12/12
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. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions about unicorns. >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. ?
. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive....
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Nov 21, 2012
11/12
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you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat about where this is going. this shouldn't be an amazing thing for me to tell you. i shouldn't be coming to you saying, look, congress might not blow up the economy for no good reason. or if i do have to say it, i shouldn't sound excited about it. that should be a given. but in recent years, it has not been a given. and the reason it hasn't been is in some ways traceable to this guy. you know that guy. that is grover norquist. if you go by his name or his picture, he may not seem imposing. but in the republican party, he's a guy that breaks your knees if you vote for higher taxes. all republicans pret
you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat about...
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Dec 7, 2012
12/12
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we are facing huge deficits and a looming fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the government realized there was a wartime manpower shortage. and when the military was opened up. thousands of young japanese americans went to fight for this country. they were put into a segregated unit and fought on the bloody battlefields in europe. and came back the most decorated and exercised something that was very important. they did it for their family certainly, but for the greater good because they loved america. they sacrificed themselves and many many perished on those fields and that is the kind of situation we are faced with now and those republicans can't seem t
we are facing huge deficits and a looming fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the...